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Finance World Magazine| Edition: October 2024

This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East." Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE. In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.

This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East."

Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE.

In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.

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AvidBeam, is a leading AI start-up<br />

that specialises in transforming<br />

data streams into actionable<br />

insights. By leveraging cutting-edge AI<br />

technology, AvidBeam offers solutions<br />

that enhance public safety, improve retail<br />

business analytics, and ensure the safe<br />

operation of autonomous vehicles.<br />

One of its key innovations lies in the<br />

ability to extract intelligent data from<br />

video streams, a critical need in today’s<br />

increasingly interconnected world.<br />

AvidBeam’s solutions are particularly<br />

relevant for smart cities, where security<br />

and public safety are of utmost importance.<br />

Its platform can analyse live video feeds<br />

to detect potential threats or suspicious<br />

behaviour, helping authorities respond<br />

swiftly to incidents. Additionally, retailers<br />

benefit from the company’s business<br />

intelligence tools, which provide valuable<br />

insights into customer behaviour, enabling<br />

businesses to optimise operations and<br />

increase profitability. AvidBeam also integrates<br />

its AI technology into autonomous<br />

vehicles, enhancing safety by improving<br />

obstacle detection and decision-making<br />

processes.<br />

BitOasis, the second company, has made<br />

significant strides as the Middle East’s<br />

first digital asset wallet. As the region<br />

embraces the rise of cryptocurrencies,<br />

BitOasis offers a secure and user-friendly<br />

platform for managing digital assets like<br />

Bitcoin. One of the key features that set<br />

BitOasis apart is its use of multi-signature<br />

technology, which ensures enhanced security<br />

for users. This technology requires<br />

multiple approvals before a transaction<br />

is completed, reducing the risk of fraud<br />

or unauthorised access to funds.<br />

As digital currencies become more<br />

mainstream, BitOasis continues to build<br />

trust in the fintech space by offering<br />

secure solutions for both individual<br />

users and businesses. The platform is<br />

designed to cater to users at various levels<br />

of experience, making it accessible for<br />

beginners while also offering advanced<br />

tools for experienced traders. BitOasis<br />

has positioned itself as a leader in the<br />

region’s cryptocurrency ecosystem, driving<br />

the adoption of digital currencies with its<br />

secure and reliable wallet service.One of<br />

the key features that sets BitOasis apart<br />

is its use of multi-signature technology,<br />

which provides an extra layer of security<br />

by requiring multiple approvals for every<br />

transaction. This ensures that no single<br />

individual has unilateral control over the<br />

funds, significantly reducing the risk of<br />

fraud or unauthorised access. This feature<br />

is especially crucial for users holding<br />

significant amounts of digital assets, as<br />

it addresses one of the biggest concerns<br />

in the cryptocurrency world—security.<br />

Moreover, BitOasis goes beyond basic<br />

security measures. The platform offers<br />

cold storage options for users who want<br />

to store their digital assets offline, further<br />

safeguarding against hacking attempts.<br />

By prioritising safety and transparency,<br />

BitOasis has built a reputation as one of<br />

the most trusted cryptocurrency wallets<br />

in the region, earning the confidence of<br />

both individual users and large institutional<br />

investors.<br />

Another standout start-up is Desert<br />

Control, an agri-tech and green technology<br />

company that addresses the pressing<br />

issue of desertification. With its patented<br />

Liquid NanoClay technology, Desert<br />

Control has developed a groundbreaking<br />

solution that transforms barren desert<br />

land into fertile soil. The technology<br />

works by mixing nanoparticles of clay<br />

with water, which is then sprayed onto<br />

sandy soil. This process allows the soil<br />

to retain water and nutrients, making<br />

it possible to grow crops in otherwise<br />

inhospitable environments.<br />

Desert Control’s innovation is particularly<br />

valuable for the Middle East,<br />

a region where water scarcity and land<br />

degradation are significant challenges.<br />

By reducing the need for irrigation and<br />

improving soil fertility, Liquid NanoClay<br />

offers a sustainable solution for agriculture<br />

in arid regions. The technology has<br />

far-reaching implications, not only for<br />

the Middle East but also for other parts<br />

of the world facing similar environmental<br />

challenges. With the global focus<br />

on sustainability and climate change<br />

mitigation, Desert Control is poised to<br />

make a lasting impact on the future of<br />

agriculture.<br />

Grabingo, the final start-up in this<br />

line-up, focuses on revolutionising how<br />

businesses manage customer loyalty<br />

programmes. By creating a digital platform<br />

that allows businesses to digitise<br />

loyalty cards and consolidate them into<br />

a single app, Grabingo is simplifying the<br />

customer experience and streamlining<br />

business operations. The platform is<br />

particularly beneficial for small and medium-sized<br />

enterprises (SMEs), offering<br />

a cost-effective solution for managing<br />

loyalty programmes without the need<br />

for physical cards.<br />

In addition to its loyalty card functionality,<br />

Grabingo provides a suite of<br />

business tools, including an easy-to-use<br />

dashboard that enables business owners<br />

to track customer engagement and analyse<br />

data to inform decision-making. This<br />

digital transformation helps businesses<br />

reduce operational costs and improve<br />

efficiency, all while providing customers<br />

with a seamless experience. As more<br />

businesses in the Middle East embrace<br />

digital tools, Grabingo is well-positioned<br />

to become a key player in the region’s<br />

business ecosystem.<br />

The Middle East is witnessing a surge<br />

in start-up activity, with companies like<br />

AvidBeam, BitOasis, Desert Control, and<br />

Grabingo leading the charge. These ventures<br />

are not only addressing regional challenges<br />

but also making significant strides on the<br />

global stage. Whether through AI-driven<br />

public safety solutions, secure cryptocurrency<br />

platforms, sustainable agricultural<br />

technologies, or innovative business tools,<br />

these start-ups are helping to shape the<br />

future of technology and innovation. As<br />

they continue to grow and evolve, they<br />

are likely to become influential players<br />

in their respective industries, further<br />

solidifying the Middle East’s position<br />

as a hotbed for entrepreneurial activity<br />

and innovation.<br />

Oct <strong>2024</strong> www.thefinanceworld.com 61

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